ICF International Inc (NASDAQ:ICFI) – Equities researchers at Barrington Research boosted their FY2017 EPS estimates for shares of ICF International in a report issued on Wednesday. Barrington Research analyst K. Steinke now expects that the business services provider will earn $2.94 per share for the year, up from their prior estimate of $2.90. Barrington Research has a “Outperform” rating and a $55.00 price objective on the stock.
ICF International (NASDAQ:ICFI) last posted its quarterly earnings data on Thursday, May 4th. The business services provider reported $0.69 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.07. The firm had revenue of $296.30 million for the quarter, compared to analysts’ expectations of $293.28 million. ICF International had a net margin of 3.78% and a return on equity of 10.23%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the company posted $0.62 EPS. COPYRIGHT VIOLATION WARNING: This report was reported by Stock Observer and is the sole property of of Stock Observer. If you are reading this report on another website, it was illegally copied and reposted in violation of US & international trademark and copyright laws. The original version of this report can be accessed at https://www.thestockobserver.com/2017/06/20/fy2017-earnings-forecast-for-icf-international-inc-issued-by-barrington-research-icfi-updated-updated-updated-updated.html.
Several other research analysts also recently commented on the stock. Zacks Investment Research raised shares of ICF International from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Tuesday, May 9th. Noble Financial reaffirmed a “hold” rating on shares of ICF International in a research note on Sunday, May 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. ICF International presently has a consensus rating of “Buy” and a consensus price target of $56.25.
Shares of ICF International (NASDAQ:ICFI) opened at 47.40 on Friday. The stock has a market cap of $891.07 million, a PE ratio of 19.68 and a beta of 0.92. The stock’s 50 day moving average is $44.43 and its 200 day moving average is $49.02. ICF International has a 52-week low of $38.54 and a 52-week high of $59.55.
In other ICF International news, CEO Sudhakar Kesavan sold 1,091 shares of the stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $41.62, for a total transaction of $45,407.42. Following the transaction, the chief executive officer now directly owns 146,716 shares in the company, valued at approximately $6,106,319.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.00% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC boosted its position in shares of ICF International by 90.3% in the first quarter. SG Americas Securities LLC now owns 4,537 shares of the business services provider’s stock valued at $187,000 after buying an additional 2,153 shares during the last quarter. Airain ltd acquired a new position in shares of ICF International during the first quarter valued at about $235,000. MARSHALL WACE ASIA Ltd acquired a new position in shares of ICF International during the first quarter valued at about $309,000. Marshall Wace North America L.P. acquired a new position in shares of ICF International during the first quarter valued at about $309,000. Finally, Citadel Advisors LLC acquired a new position in shares of ICF International during the third quarter valued at about $341,000. Institutional investors own 91.80% of the company’s stock.
ICF International Company Profile
ICF International, Inc provides professional services and technology-based solutions to government and commercial clients, including management, technology, and policy consulting and implementation services. The Company’s services address four markets: energy, environment and infrastructure; health, education and social programs; safety and security, and consumer and financial.
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